A finance firm specialising in short term bridging loans
has claimed that its sector has helped provide more funding for new homes than
the Government’s Help to Buy scheme. According
to Borehamwood-based West One Loans’ latest bridging index, the UK government
has so far delivered equity loans worth £941 million for the supply of new
homes via the first phase of Help to Buy, since the scheme’s debut in April
2013. However, over the same fourteen month period, gross lending via the
bridging loan industry has totalled £2.38bn. Read more on the Housing
Excellence website.
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